Kasaragod, September 20: A senior National Investigation Agency (NIA) official has visited Kanhangad to review the progress of investigation into a fake currency racket.
NIA Deputy Superintendent of Police Abdul Kareem visited Kanhangad to review the progress of the investigation, Kanhangad Circle Inspector of Police K.V. Venugopal said.
The police in Kanhangad arrested Abdul Jabbar of Kaithakkad, near Cheruvathur, on August 18 after he purchased gold ornaments for Rs.1.80 lakh from a leading jewellery outlet in the town and made the payment using fake notes.
He confessed to circulating counterfeit notes to the tune of Rs.6 lakh by purchasing expensive household items from showrooms in Kannur and Kasaragod districts.
Following his interrogation, the police, on August 27, arrested Abdul Nazeer, 42, a local businessman, for possessing counterfeit currency to the tune of Rs.24 lakh. He had obtained the fake notes from conduits based in Karnataka.
He was found to have burnt fake notes to the tune of Rs.7 lakh on coming to know that the police had intensified the probe into the case.
Though the case had not been formally handed over to the NIA, the local police faced constraints in investigation as the counterfeit currency had come to India via Dubai, Mr. Venugopal said.
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